Aftermath

The Cultures of the Economic Crisis

Manuel Castells, João Caraça, and Gustavo Cardoso

Topical examination of the financial crisis from beyond the financial and economic sphere

Accessible collection of chapters by a group of leading scholars

Looks at developments in the US, Europe, China, and Latin America

Aftermath

The Cultures of the Economic Crisis

Manuel Castells, João Caraça, and Gustavo Cardoso

Description

The crisis of global capitalism that has unfolded since 2008 is more than an economic crisis. It is structural and multidimensional. The sequence of events that have taken place in its aftermath show that we are entering a world that is very different from the social and economic conditions that characterized the rise of global, informational capitalism in the preceding three decades. The policies and strategies that were intended to manage the crisis—with mixed results depending on the country—may usher in a distinctly different economic and institutional system, as the New Deal, the construction of the European Welfare State, and the Bretton Woods global financial architecture all gave rise to a new form of capitalism in the aftermath of the 1930s Depression, and World War II.

This volume examines the cultures and institutions at the root of the crisis, as well as the conflicts and debates that may lead to a new social landscape, including the rise of alternative economic cultures in the social movements that have sprung up around the world. This collection of essays presents the results of a shared project of reflection by a group of international sociologists and social scientists, led by Manuel Castells. They conclude that to address life beyond the crisis, we need nothing less than a complete transformation of the mind-set that led to bankruptcy and despair, and to economies and societies based on an unsustainable model of speculative finance and political irresponsibility.

Aftermath

The Cultures of the Economic Crisis

Manuel Castells, João Caraça, and Gustavo Cardoso

Author Information

Manuel Castells, University Professor and the Wallis Annenberg Chair of Communication Technology and Society, the University of Southern California, João Caraça, Director of the Science Department, the Calouste Gulbenkian Foundation, Lisbon, and Gustavo Cardoso, Professor of Media and Society, IUL - Lisbon University Institute

Manuel Castells is University Professor and the Wallis Annenberg Chair of Communication Technology and Society at the University of Southern California, Los Angeles, as well as Director of Research at the Department of Sociology, University of Cambridge, and holder of the Chair of Network Society at the College d' Etudes Mondiales, Paris. He has published 26 books including the trilogy The Information Age: Economy, Society, and Culture (Blackwell, 1996-2000), The Internet Galaxy (OUP, 2001), and Communication Power (OUP, 2nd Edition, 2013). He is a fellow of the American Academy of Political and Social Science, of the Academia Europaea, of the British Academy, of the Mexican Academy of Sciences, and of the Spanish Royal Academy of Economics. He has received 18 honorary doctorates, as well as the Erasmus Medal 2010, and the Holberg Memorial Prize 2012.

João Caraça obtained a D. Phil. in Nuclear Physics at the University of Oxford and the Agregação in Physics at the Lisbon Faculty of Sciences. He is Director of the Science Department of the Calouste Gulbenkian Foundation, Lisbon and also Full Professor of Science and Technology Policy at the Instituto Superior de Economia e Gestão of the Universidade Técnica de Lisboa. He is member of the Governing Board of the European Institute of Innovation and Technology - EIT. He also integrates the Steering Group of the European Forum on Philanthropy and Research Funding and is President of the Advisory Board of the Portuguese Business Association for Innovation - COTEC. He was Science Adviser of the President of the Portuguese Republic (1996-2006), has published over 150 scientific papers, and co-authored Limits to Competition (1995), co-edited O Futuro Tecnológico (1999) and collaborated in Le Printemps du Politique (2007).

Gustavo Cardoso is Professor of Media and Society at IUL - Lisbon University Institute. His areas of interest are the cultures of the network society, the transformations of the notions of property, distribution and production of cultural goods, and the role of online social networking. Between 1996 and 2006 he was advisor on Information Society and telecommunications policies to the Presidency of the Portuguese Republic and in 2008 was chosen by the World Economic Forum as a Young Global Leader. His international cooperation in European research networks led him to work with IN3 (Internet Interdisciplinary Institute) in Barcelona, WIP (World Internet Project) at USC Annenberg, COST A20 "The Impact of the Internet in Mass Media" and COST 298 "Broadband Society." During the last five years he has been the Director of OberCom media observatory in Lisbon and is deputy chairman of the board of LUSA, the Portuguese global news agency.

Contributors:

Manuel Castells, University Professor and the Wallis Annenberg Chair of Communication Technology and Society, the University of Southern California. João Caraça, Director of the Science Department, the Calouste Gulbenkian Foundation, Lisbon. Gustavo Cardoso, Professor of Media and Society, IUL - Lisbon University Institute. Rosalind Williams, the Dibner Professor of the History of Science and Technology, M.I.T. John B. Thompson, Professor of Sociology, the University of Cambridge and Fellow of Jesus College, Cambridge. Michel Wieviorka, Professor, the Ecole des Hautes Etudes en Sciences Sociales (Paris), and President of the Fondation Maison des sciences de l'homme (Paris)Sarah Banet-Weiser, Professor in the School of Communication, USC Annenberg and the Department of American Studies and Ethnicity, University of Southern California, Los Angeles.Terhi Rantanen, Professor in Global Media and Communications, the London School of Economics and Political Science.Pekka Himanen, Professor of Philosophy, the Aalto University, Helsinki. Pedro Jacobetty, PhD student and Researcher, Instituto Universitário de Lisboa (ISCTE-IUL), Centro de Investigação e Estudos de Sociologia (CIES-IUL), Lisboa, Portugal. Amalia Cardenas, Researcher, the Open University of Catalonia, Barcelona.Joana Conill, Researcher, the Open University of Catalonia, Barcelona. Lisa Servon, Professor of Urban Studies, the Milano School of Management, New School University, New York.Ernesto Ottone, Chair Professor of Political Science, the Universidad Diego Portales, Santiago de Chile, and Associate Professor at the Universidad de ChileYou-tien Hsing, Professor of Geography, and a Senior Fellow, the China Center and the Institute of East Asian Studies, University of California, Berkeley.

Aftermath

The Cultures of the Economic Crisis

Manuel Castells, João Caraça, and Gustavo Cardoso

Reviews and Awards

Manuel Castells was awarded the Holberg International

The discussion of the crisis of global capitalism offered in this book marks a breakthrough. The work ranges far more widely than the usual crop of purely economic analyses and rightly so. - Anthony Giddens, Former Director of the London School of Economics and Political Science

All economies are culture-that is the lens through which this compelling analysis looks at the on-going crisis of capitalism. From this follows the imperative: cooperate or fail! This book is a thought-provoking, interdisciplinary diagnosis of a world in turmoil. - Ulrich Beck, Professor of Sociology, University of Munich

Five years of crisis and upheaval have shaken the world. Aftermath takes up the question of where we go now. Castells and his collaborators show the depth of challenges, the diversity of global circumstances and paths, andhappilyreasons for cautious optimism amid the tumult. This is an important moment in history and an important book for this moment. - Craig Calhoun, Director of the London School of Economics and Political Science